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  • FIRST POST
    • liddylou
    • By liddylou 7th Mar 18, 3:42 PM
    • 1Posts
    • 0Thanks
    liddylou
    Where to borrow?
    • #1
    • 7th Mar 18, 3:42 PM
    Where to borrow? 7th Mar 18 at 3:42 PM
    I'm new to all this but I'm hopingcan help
    I own my mortgage free house. I have savings also. I wish to purchase an old property to renovate and eventually move in to using my savings but I need another 125000 to purchase the second property. My house is worth twice that amount. What is the best way to fund my renovation property? Re mortgage: Bridging loan: Any advice would be most welcome.Thanks
Page 1
    • zx81
    • By zx81 7th Mar 18, 3:45 PM
    • 16,832 Posts
    • 17,839 Thanks
    zx81
    • #2
    • 7th Mar 18, 3:45 PM
    • #2
    • 7th Mar 18, 3:45 PM
    Remortgage.
    • DCFC79
    • By DCFC79 7th Mar 18, 4:12 PM
    • 31,662 Posts
    • 19,972 Thanks
    DCFC79
    • #3
    • 7th Mar 18, 4:12 PM
    • #3
    • 7th Mar 18, 4:12 PM
    Remortgage obviously.
    Can people stop loaning money/being a guarator to family/friends, it rarely ends well and you lose out as your money is gone or you get shafted with being a guarantor.
    • agatham
    • By agatham 11th Mar 18, 1:52 PM
    • 29 Posts
    • 5 Thanks
    agatham
    • #4
    • 11th Mar 18, 1:52 PM
    • #4
    • 11th Mar 18, 1:52 PM
    You can try loan as well from any of the Financial Institutions that are not strictly banks. Also, re-mortgage would be a good option.
    Another option would be getting some money from various P2P lenders.
    • dealer wins
    • By dealer wins 16th Mar 18, 7:35 AM
    • 5,776 Posts
    • 11,006 Thanks
    dealer wins
    • #5
    • 16th Mar 18, 7:35 AM
    • #5
    • 16th Mar 18, 7:35 AM
    spammer alert lol
    Choose life
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